Back in July, Kabam insiders sold shares worth $38.5 million to several undisclosed VC companies.
What was hidden is now revealed, however, with Google Ventures being one of those funders.
The others were Founders Circle Capital, Pinnacle Ventures and Canaan Partners.
Mind the gap
To some degree, this is not news.
Canaan Partners was Kabam's original investor, with Google Ventures and Pinnacle Ventures both part of Kabam's $85 million Series D round.
However, the reason provided by Google Ventures for its involvement is notable.
"Kabam has successfully made the transition to mobile at a time when many previously Facebook-oriented gaming companies haven't," its general partner Joseph Kraus, told The Wall Street Journal.
[source: CNBC]
News
Contributing Editor
A Pocket Gamer co-founder, Jon is Contributing Editor at PG.biz which means he acts like a slightly confused uncle who's forgotten where he's left his glasses. As well as letters and cameras, he likes imaginary numbers and legumes.
Related Articles
Top Stories
News
Jun 6th, 2024
SocialPeta's evolution: advancing mobile game advertising with AI, Apple Search Ads, and STEAM game insights
News
Jun 6th, 2024
As RPGs and casual genres drastically decline, Monopoly Go! gives casino a 34% revenue surge
Events
Tribeca Games Festival 2024 | North America | Jun 5th |
Guerrilla Collective 2024 | North America | Jun 6th |
Angles 24 Freeplay Conference | Australasia | Jun 6th |
Game Audio Symposium 2024 | Europe | Jun 7th |
Games Growth Summit 2024 | Europe | Jun 7th |
PitchYaGame Live 2024 | Jun 7th | |
Future Games Show 2024 | Jun 8th | |
PC Gaming Show 2024 | Jun 9th |
Popular Stories
News
May 31st, 2024
Week in Views - Squad Busters goes global, broken app stores, and Hill Climb Racing gets the LEGO treatment
Feature
May 29th, 2024
Supercell's big Squad Busters mistake and how they're missing out on millions
as
Feature
Jun 3rd, 2024